REQUEST FOR PROPOSAL
The City of Northville, Michigan (the “City”) is issuing this Request for Proposal (RFP) for professional services which will include the following:
• A financial audit of the City’s financial statements which includes two component units (DDA and BRA).
• If needed, a compliance audit of the City’s federal programs in accordance with the Federal Uniform Grant Guidance 2 CFR Part 200.
TYPE OF AUDIT
The examination of the financial records, accounts and procedures of the City shall be made in accordance with generally accepted auditing standards as adopted by the American Institute of Certified Public Accountants in its Statements of Auditing Standards, the U.S. General Accounting Office’s (GAO) Government Auditing Standards, the U.S. Office of Management and Budget (OMB) Circular 133 and the State of Michigan Department of Treasury’s Statements of Position and Uniform Reporting Format. The audit must comply with the Michigan Department of Treasury’s Bulletin for Audits of Local Units of Government. In addition, it will include any other tests of the accounting records and such other auditing procedures the proposer considers necessary in the circumstances, including the requirements of Michigan Act #2, PA of 1968 as amended.
PERIOD TO BE AUDITED
The City operates on a June 30th fiscal year basis. The first year to be audited is the fiscal year ending June 30, 2024. The City intends to continue the contract with the selected auditing firm for a three-year term, which would additionally include the fiscal years ending June 30, 2025 and 2026, with optional three-year renewals. Audit services for the additional terms are dependent on satisfactory completion of the prior year’s audit. The total contract term is not to exceed a maximum of nine (9) fiscal years and is subject to annual review and satisfactory negotiation of terms (including a total fee acceptable to both the City and the auditing firm).
